40 Elm Street, Bayham, ON

$725,000
MLS#:X9394215
3 beds
3 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 17, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Vienna. Expertly crafted featuring premium other and vinyl siding construction, this residence presents an exceptional opportunity offered at $725,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 133.2 x 66.4 ft lot
  • Features a partially finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: On Demand Water Heater, Air Exchanger, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

HOME SWEET HOME! This 3-bedroom, 2-bath bungalow, built in 2023, exemplifies quality craftsmanship and meticulous attention to detail. Starting with the custom kitchen, which features quartz countertops, loads of cabinet space complete with a large custom island, a spacious pantry, and new appliances, this set up is perfect for crafting your creative cooking ideas. Step out from the dining room onto the rear deck, which is ideal for relaxing or the BBQ. The master suite boasts a luxurious 4-piece en suite with a custom-crafted shower and walk in closet, ensuring a luxurious private retreat. The large front timber porch enhances the homes curb appeal together with a beautifully finished concrete driveway leading to a generously sized attached garage, which is nicely finished with Reline.The basement is partially finished and designed for family fun, with space allocated for a large family room, games room, and two additional bedrooms. This home combines modern convenience with thoughtful design, making it the perfect place for comfortable living. As a bonus, this home is within 5 minutes of area beaches, campgrounds, and marina!

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Property Summary

This detached home located at 40 Elm Street, Bayham is currently for sale and has been available on SousaSells for 650 days. This property is listed at $725,000 with an estimated mortgage of $2,413* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 40 Elm Street, Bayham is in the Vienna neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 17, 2024
Sold price information is available to members only
Listed Date10/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionOther, Vinyl Siding
BasementPartially Finished, Full
Lot Size133.2 × 66.4 Feet
CountyElgin
Annual Tax$4,950
Legal DescriptionPLAN 54 LOT 22 W ELM ST RP 11R2361 PART 1

Parking & Garage

Parking Total5.0
Parking Space4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Campground, Marina, Park, Place Of Worship, Rec./Commun.Centre

Interior Features

On Demand Water Heater, Air Exchanger, Auto Garage Door Remote, Water Softener, Water Heater Owned

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

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Location

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40 Elm Street, Bayham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Elm Street, Bayham, ON N0J 1Z0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Bayham.

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Interest Rate4.00%
Down Payment$217,500 (30.0%)
* Minimum Canadian down payment required for this price is $47,500.
Amortization Period30 Years
Estimated Monthly Payment$2,413Based on a loan of $507,500 over 30 years.
Purchase Price$725,000
Loan Amount$507,500
Provincial Land Transfer Tax:$10,975
Total Estimated Closing Taxes:$10,975

About Purchasing a Home in Bayham, ON

For a property listed at $725,000 in Bayham, the legal minimum down payment is $47,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,975 for this transaction. As this listing is in Bayham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Vienna, Bayham.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$531,829

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.